NWA ....I need some inside info

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12-24-2007 | 10:59 AM

#11

skidmark

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Joined: Feb 2007

Posts: 671

Likes: 2

From: BassTracker

I want to be giddy too!

12-24-2007 | 12:43 PM

#12

flyguy1

Gets Weekends Off

Joined: Apr 2007

Posts: 129

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From: Captain

Quote:

Originally Posted by newKnow

Our MEC just sent us an e-mail explaining that somehow the guys who stay past 60 pensions will decrease. Please don't ask me how. But, whatever it is they are saying if you stay past 60; less money for you. If anyone knows how, do tell.....

See my previous post regarding the excess lump sum payout. Their monthly benefit does not decrease, only their lump sum decreases if they qualify ie widebody guys.

12-24-2007 | 08:19 PM

#13

ChinsFive

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Joined: Sep 2007

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Quote:

Originally Posted by johnso29

Recommend reading "Checklist for Success" by Cheryl Cage. You may also want to look into an interview prep service. You can find both the book, and prep services online. Good Luck

Hey bro, shouldn't this be your profile picture???

12-24-2007 | 09:37 PM

#14

Superpilot92

Underboob King

Joined: May 2005

Posts: 4,412

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From: Guppy Commander

Quote:

Originally Posted by ChinsFive

Hey bro, shouldn't this be your profile picture???

Oh WOW looks something SHINEY!!!!

12-27-2007 | 02:48 PM

#15

johnso29

Moderator

Joined: Oct 2006

Posts: 13,088

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From: B757/767

Quote:

Originally Posted by ChinsFive

Hey bro, shouldn't this be your profile picture???

Yeah, I guess it should be, but I'm holding off until I know for sure!

01-10-2008 | 07:41 AM

#16

Giventofly

New Hire

Joined: Jan 2008

Posts: 9

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Grew up in MSP and would love to be based there. How long would it take to get based there in any aircraft?

01-10-2008 | 08:45 AM

#17

KKKBTAXI

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Joined: Dec 2007

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From: Unknown - Progressive Please!

I have a friend that started the end of Oct. 07, and was awarded DTW. Placed his bid for MSP (his is on the 9) and was awared MSP for March I believe.

01-10-2008 | 08:51 AM

#18

Bucking Bar

Can't abide NAI

Joined: Jun 2007

Posts: 12,078

Likes: 15

From: Douglas Aerospace post production Flight Test & Work Around Engineering bulletin dissembler

My guess is that with a defined benefit plan the sooner you begin taking money out the more money you get over the long term.

01-10-2008 | 05:51 PM

#19

KC10 FATboy

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Joined: Jun 2007

Posts: 4,196

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From: Legacy FO

Quote:

Originally Posted by flyguy1

Personally, I think age 65 will not affect NWA as much as USAir, United and Delta. The top 2000 plus guys still have a full, frozen pension. All the widebody guys can retire at 60 and see $10,000 per month plus a lump sum payout when they leave for $250,000 +. I know they can stick around and make more than that, but what would you do? Go to work for 12-14 days a month and make $14,000-15,000 per month, or stay home and have zero responsibility and make $10,000 plus?
In addition, if the widebody guys stick around their lump sum payout will actually decrease past age 60.
If the MSP retirement wall is any indication, of the 12 retirees, 5 are early retirements. I think and hope that those percentages will not change.

I just went through the interview process with NWA. During the interview, I asked "how will age 65 effect the staffing at NWA?"

The response was exactly what you just said. Since the pensions are frozen, the pilots aren't expected to stay past age 60 (from the HR team).

-Fatty

01-11-2008 | 10:51 AM

#20

ERJcaptain

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Joined: Jan 2007

Posts: 33

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From: A320 FO

I have an interview coming up with NWA and my question now would be how would a merger with Delta or anybody else affect the new hire.

Some speculate that the NWA newhire might be forced back to Compass.

Thoughts or insights anyone?